callmefence
Keyboard cowboy
If I want a cup of coffee or a drink of water I'll pay 5.00 if that's what it takes. So will you.
Counting Your Money
- Thread starter Lucky
- Start date
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50/50Farms
Well-known member
Yeah, but at least with the powdered MRE coffee you can cut it in with your dip and stay about as awake as a man can get.
crossbreed
Well-known member
My old green and white Coleman water can with the lid in the top still travels with me all the time. Just can't seem to pay for a little bottle of water
crossbreed
Well-known member
Oh my I have NEVER heard of that
50/50Farms
Well-known member
It does the job as best something can. You want to leave it as granular as you can when you cut it in and you want long cut dip, the hope is that it will scratch up the inside of your lips and such so both the caffeine and nicotine absorb better.
Travlr
Well-known member
There isn't a market in the world that doesn't depend on *perceived* value. If you can work it, and milk those with too much or not enough faith in the unit of perceived value, then you make money. Buy low and sell high works with them all.That really hurt my feelings until I remembered how much money I made.
That's it. When I sit with these guys at the ranch they always say don't let your personal bs get in the way of an opportunity.
Lucky
Well-known member
I wonder how much an ole boy would need to have rolling around in the market to have a liveable passive income and still maintain some growth? I'm not talking a world traveler just a good living.
DNelson
Well-known member
depends on if you have any debt or have to replace high cost items. SS and some savings is my story, but I don't have a lot of debt. I could pay off my truck, but I got a 2.75% loan on it and can get almost 4% on t bills, so I keep the payments until it turns around.
Lucky
Well-known member
Ok lets say I wanted to live on $65-75k a year. Draw a salary so to speak. Then how much would a man need in there.
Caustic Burno
Well-known member
When I retired they said a million and you drawing 5% a year. That was in 2007 and still have growth.
Depends if you want to use some of the principal or strictly live off the interest.
kenny thomas
Well-known member
I don't mean to be rude but if your going to need 75k per year to live you aren't likely to be getting it from cattle
I'm pretty frugal in some ways but it doesn't take me 1/3 of that to live and I sure don't go hungry.
Travlr
Well-known member
A million in I-Bonds would generate that much interest yearly.
Caustic Burno
Well-known member
No growth got to have growth as well. If not the well will run dry in the downturns.
Lucky
Well-known member
I don't need life advice on how to spend my money. I just wanna know how much I need in the market to safely draw $70k a year and have a little left for growth. Dually pickups, roping horses, and barrel racers aren't cheap you know. 
my guess is $1.5 - 2 million but I'm no expert.
my guess is $1.5 - 2 million but I'm no expert.
Caustic Burno
Well-known member
I would say 2 is probably close today.I don't need life advice on how to spend my money. I just wanna know how much I need in the market to safely draw $70k a year and have a little left for growth. Dually pickups, roping horses, and barrel racers aren't cheap you know.
It's all about management as everything else.
I have been retired 15 years and I live the same as I did when I was working.
We are not pinching every penny either.
Good medical insurance is just as important IMO as good investments.
Travlr
Well-known member
Well if a millions would generate that income then I'd have to say that ten percent more would allow a ten percent increase in growth. You'll probably make more than that on SS to spur growth so IMO the million is a good enough figure.
kenny thomas
Well-known member
You guys all talking millions makes this poor old cow trader feel really poor. But guess my SS will put food on the table.
